This bill appropriates a total of $18,518,738 to the New Jersey Historic Trust for grants aimed at supporting various historic preservation projects and covering associated administrative expenses. The funding is sourced from constitutionally dedicated corporation business tax (CBT) revenues, as established by the Preserve New Jersey Act. Specifically, the bill allocates $16,598,738 for capital preservation grants, historic site management grants, and easement purchases, with detailed funding amounts for 43 capital projects and 34 management projects. Additionally, $1,920,000 is designated for administrative costs related to the implementation of the Preserve New Jersey Act.

The bill stipulates that any changes in project funding, including transfers or alterations in project sponsors, will require approval from the Joint Budget Oversight Committee. Furthermore, it allows for the possibility of additional funding for previously approved historic preservation projects if there are remaining funds after the initial allocations are made. All projects funded under this bill must be associated with properties listed or eligible for listing in the New Jersey and National Register of Historic Places, ensuring that the grants support significant historical sites.